Go to the schedule of key interest rate announcements page of the Bank of Canada’s website (http://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#schedule) to find the list of the BOC’s eight fixed-interest rate announcement dates for the current year. Now, to find the most recent press release, click on “Publications and Research” and then select “Press Releases.”

a. What is the BOC’s current target for the overnight interest rate??

b. Is the current target overnight interest rate different from the one on the previous fixed announcement date? If it is, by how much does it differ?

c. Does the statement comment on current macroeconomic conditions in the Canada? How does it describe the Canadian economy?